Nicaragua granted loan for study off geothermal project

The government of Nicaragua, together with the World Bank, has sought the approval of $15 million from the Climate Investment Fund for Nicaragua’s Geothermal Development Plan.

The objective of the project is to evaluate the feasibility of resources for the generation of energy in the Casita-San Cristobal project and to accelerate the geothermal development by mitigating the risk and using the funds for drilling and exploration in the area.

Source: Think GeoEnergy